Question

Discrimination monopoly implies that the monopolist charges different prices for his commodity:

• A. From different groups of consumers
• B. For different uses
• C. At different places
• D. Any of the above

Answer 1

The correct option is D Any of the above

In monopoly there is a single seller, so monopolist can charge different prices for his commodity from different group of consumers (e.g. Railways charges different price for $1^{st}$ and $2^{nd}$ class travellers); for different uses (e.g. domestic and commercial uses of electricity) at different places (e.g.National and international market)